Keep in mind the owner still has to pay for lawn maintenance, utilities, cable etc...

Lately, we have seen more Home Owner associations start to impose rules for landlords.

The USA has very friendly tax laws for property owners but they quickly swing against you if you decide it's time to exit the investment, passing it on to heirs is the way to create that generational wealth so once you commit to it then its a commitment for life in my opinion.

. : $2,347-Paint, all new doors, plumbing fixtures, drywall work, garbage disposal, carpet, bathtub: $3,934-Labor: $7,976The previous owner did not do any updates to this unit for the last 25 years!

The fenced yard is a positive for small children (no added value) and dog owners ($50 month added value). 

Once we are done w rehab, brokers do get back the listing from us at full 3% listing commission or get bonuses when we decide to hold.

Toby is one of the owners/founders of Anderson Business Advisors of which I'm a client of.

If you live in your Home for 2 out of the last 5 years, when you Sell it is Tax-free up to $250,000 per owner.

How you proceed will depend on a few factors:- financing will depend on your exit strategy - you'll be best off if you can decided the exit plan (LTR, MTR, or STR) before buying- Since you're not employed and living on savings, what is your burn rate and your cash runway?

As a property owner, you are generally responsible for a number of maintenance repairs.